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19.
Slide
1-19
Two Major Organizations:
International Accounting Standards Board (IASB)
 Issues International Financial Reporting Standards
(IFRS).
 Standards used on most foreign exchanges.
 Standards used by foreign companies listing on U.S.
securities exchanges.
 IFRS used in over 115 countries.
LO 5 Identify the major policy-setting bodies andLO 5 Identify the major policy-setting bodies and
their role in the standard-setting process.their role in the standard-setting process.
Standard-Setting OrganizationsStandard-Setting OrganizationsStandard-Setting OrganizationsStandard-Setting Organizations

23.
Slide
1-23
LO 5 Identify the major policy-setting bodies andLO 5 Identify the major policy-setting bodies and
their role in the standard-setting process.their role in the standard-setting process.
Organisasi Pembentuk-StandarOrganisasi Pembentuk-StandarOrganisasi Pembentuk-StandarOrganisasi Pembentuk-Standar
Illustration 1-4
International Standard-Setting Structure

27.
Slide
1-27
Due ProcessDue ProcessDue ProcessDue Process
Dalam proses IASB memiliki elemen-elemen sebagai
berikut:
1. Independent standard-setting board;
2. Thorough and systematic process for developing
standards;
3. Engagement with investors, regulators, business leaders,
and the global accountancy profession at every stage of
the process; and
4. Collaborative efforts with the worldwide standard-setting
community.
LO 5 Identify the major policy-setting bodies andLO 5 Identify the major policy-setting bodies and
their role in the standard-setting process.their role in the standard-setting process.

28.
Slide
1-28
Perjalanan ProsesPerjalanan ProsesPerjalanan ProsesPerjalanan Proses
Illustration 1-4
International
Standard-Setting
Structure
LO 5 Identify the major policy-setting bodies andLO 5 Identify the major policy-setting bodies and
their role in the standard-setting process.their role in the standard-setting process.